most likely loose the deal.

I am willing to work hard, learn and grow slowly and steadily to prevent big mistakes and loosing money.

If yours exceeds that, you won't get much value for the excess.

But if there is nt something like excessive repairs you found out about after getting it under contract, the seller may not want to go back to the table.

But if the HOA stands to loose if the house goes to foreclosure...I need to find out, but if they get nothing if the house goes to foreclosure, they may be willing to negotiate.

Ok, I'm not actually going to buy but, I've been looking at this site excessively, and decide to give my valuation skills a go.

The client specifically told me he wants in excess of 20k down to make it worthwhile to hold a note.

She choose not to do this and benefited from it by not having to pay tax on those funds, unfortunately, she also looses all the benefits that comes along with reporting that income to the government and one of those happens to be showing that she has been a law abiding citizen by paying what she is suppose to.

How about management, advertising, entity maintenance, insurance, evictions, setouts, legal fees, damage done by tenants (in excess of the security deposit), lawsuits, utilities (at least during vacancies), capital expenses (not technically an operating expense), etc, etc, etc?

As for buy and hold, get an area that will appreciate fastest in this market...You can retire early :DWith the lending market continuing to tighten, the increased housing inventory, and the recession, it is much more difficult and "risky" (very loose term) to flip in these market conditions.